Overall, the indexes are poised for some short term corrections. Into the new 2011, commodities stocks should have sufficient runway esp a generally weakening of USD. Strong support at $0.66, slow accumulation for those with bigger risk appetite. Follow us on: Share this article on:
Tag: Stock Review
OCBC – Stock Investment Tips (Buy on Weakness)
OCBC has been running up lately from the last breakout @ $9.20. Now its at a upchannel support @$10.00. Long Term support @ $9.60 with near term target of $10.90. On economic front, SGD should strengthen and propel local investments but the risk of lower loans from the series of property cooling measures could curtail big up surges. Nevertheless, this…
Singapore Exchange SGX – Accumulate – Stock Price / Stock Investment – Singapore Stock Market
SGX has fallen significantly months back for as much 20%. There should be some near term reprieve when STO, MACD is upturning. PSAR is also breached. Next target should be $8.8 if the support at $8.2 holds well. Next quarter should bodes well for SGX as trading volumes should pick up when investors return after the holidays. Long term wise,…
Citigroup – Buy on value
Uptrend intact while support @ $4.50 holds. Near term target of $5.00. RSI on rise with enlarging bollinger band. Follow us on: Share this article on: